2013 Yukon Geoscience Presentation

Freegold Mountain Project
2013 Yukon Geoscience Presentation
Presented by Mike McCuaig P.Geo – TerraLogic Exploration Inc.
Forward Looking Statement
Certain of the statements contained in this presentation, including, without limitation, statements regarding the anticipated content,
commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral
deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate, the potential for a
significant expansion of the resource, the economic outlook for the gold mining industry, Northern Freegold’s (the Company)
expectations regarding gold prices and production, and its future liquidity and capital resources and planned expenditures, are forwardlooking statements.
Information concerning mineral resource estimates may also be deemed to constitute forward-looking statements in that these
statements reflect predictions of mineralization that would be encountered if a mineral deposit were to be developed and mined.
Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be
correct.
Accordingly, the Company cautions that any forward-looking statements are not guarantees of future results or performance, and that
actual results may differ materially from those set out in the forward-looking statements as a result of; among other factors, variations in
the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits,
consents or authorizations required for its activities, material adverse changes in economic and market conditions, changes in the
regulatory environment and other government actions, fluctuations in commodity prices and exchange rates, the inability of the
Company to raise the necessary capital for its ongoing operations, and business and operational risks normal in the mineral exploration,
development and mining industries, as well as the risks and uncertainties disclosed in the Company’s most recent Management
Discussion and Analysis.
The Management Discussion and Analysis is filed with certain provincial securities commissions in Canada, available at www.sedar.com.
The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events
or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. All subsequent written or oral
forward-looking statements attributable to the Company or any person acting on its behalf are qualified by the cautionary statements
herein.
Paul Reynolds, B.Sc., P. Geo., Vice President Exploration for Northern Freegold Resources Ltd., is the qualified person, as defined by NI
43-101, and has reviewed the technical information in this corporate presentation.
For more detailed information about the Company, please see documents available from www.sedar.com or our website,
www.northernfreegold.com.
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Property Location and Background
Casino Project
Western Copper and Gold Corp.
Coffee Creek Project
Kaminak Gold Corp.
Minto Mine – Capstone Mining Corp.
Carmacks Copper Project
Copper North Mining Corp.
Freegold Mountain Project
Northern Freegold Resources Ltd.
Legend
Power Line
Highway
Road
Aishihik Dam
Whitehorse
(Capital)
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District Scale Freegold Mountain Project, Yukon
Host to three deposits and numerous showings:
Porphyry Au-Cu+/-Mo+/-W systems, epithermal Au-Ag vein-breccia
± base metals, and high grade Au skarn
Seymour
43-101 Deposits
IP anomaly between two
Cu-Au+/-Mo+/-W porphyry
occurrences with surface grab
samples returning values up to 5.67
g/t Au, 700 g/t Ag and 8.17% Pb
Zones Drilled by NFR
Scale
Other Mineralized
Zones
4 km
2013 Exploration
Targets
Stoddart
ST07-02 - 205.65m of 0.15% Cu including 26.40m 0.27% Cu
ST08-07 - 122.19m of 0.16% Cu including 46.84m of 0.24% Cu
Discovery
GS87-4 - 2.2m of 9.77 g/t Au & 96.0 g/t Ag
GS87-17 - 14.2m of 2.26 g/t Au & 84.1 g/t Ag
Includes: 2.3m of 10.21 g/t Au & 55.7 g/t Ag
Historical Trench G-1 - 5m of 365.90 g/t Au & 106.0 g/t Ag
Dart
Dart Shaft (28m): 0.68m of 124.1 g/t Au and 1.7m of 46.65 g/t Au.
Grab samples from shaft graded up to 24 g/t Au, 5.5 g/t Ag and 3.6% Sb
Goldy
07GY-16* - 53.75m of 3.6 g/t Au
Includes: 9.3m of 15.45 g/t Au
Includes: 1.2m of 38.0 g/t Au
08GY-27* - 23.7m of 2.84 g/t Au
Includes: 1.75m of 21.18 g/t Au
Includes: 1.45m of 11.26 g/t Au
* True thickness unknown
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Nucleus Deposit
Revenue Deposit
Stoddart Prospect
Schematic illustration of the various processes for porphyry-epithermal systems relative
to the intrusive engine (after Hedenquist and Lowenstern, 1994).
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Freegold Mountain Project - Regional Geology
•
Property Located in the Dawson Range
•
Lies within the Paleozoic Yukon-Tanana
Terrain interpreted to represent an island
arc terrane and associated sedimentary
rocks
•
Extensively intruded by Jurassic to Late
Cretaceous rocks of the Coast Plutonic
Complex
•
Property is transected by moderate to
steep dipping northwest-trending faults
which parallel the Tintina and Denali
faults
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Laforma
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5.5 km
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Melissa
2013 AOI
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New Gold Zone Discovered
•
Irene showing was exposed at the base of active placer
workings
•
A total of 36 samples were collected from 6 trenches
•
Gold Assays up to 7.11 g/t Au/3.0 meters including
11.3 g/t Au/1.0 m
•
2013 sampling confirmed gold mineralization over an area
measuring 6.5 meters true width by 80.0 meters along strike
•
The zone remains open in all directions, bedrock exposure in
the immediate area is encumbered by extensive gravel cover
•
Located 1.2 km north of the Stoddart Porphyry and 4.6 km
east of the Revenue Deposit within a fertile structural corridor
•
26 year hiatus since the last systematic exploration of the area
immediately surrounding the Irene
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Irene Mineralization
•
Irene showing is located within the Guder Creek
Fault Zone: a west-northwest striking fault zone
which dips steeply to the north at the contact
between metasediments and a biotite
granodiorite
•
Mineralized stockwork veining and breccias are
hosted in intensely silicificed, clay altered
metasediments and granodiorite
•
Pyrite (Py)-Arsenopyrite (As)-Stibnite (Sb) are the
principle sulphides associated with gold
•
Mineralization hosted within a Chalcedonic
Quartz-Dolomite+/-Calcite Gangue
•
Mineralogy and geochemistry displays an affinity
toward a low-sulphidation epithermal Au system
3.77 g/t Au - Grab
4.82 g/t Au/ 1.0 m
•
Multiple phases of veining/brecciation indicate
reactivation of the fault system and multiple
injections of hydrothermal fluids
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Guder Creek Placer Gold
Gold in Quartz – 1 ¼ oz. nugget
Gold-Magnetite – 4 ¾ oz. nugget
Final Cleanup of the season
•
Guder Creek operation was active for the first time in 25 + years
•
2013 the miners recovered wire gold, hackly gold with quartz, and nuggets composed of
magnetite and gold
•
Bismuth (Bi) and Tungsten (W) minerals were observed within pan concentrates : similar to placer
operations on Mechanic and Revenue Creeks which drain the Nucleus and Revenue deposits
respectively
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Exploration Challenges Provide Opportunity
•
Extensive cover with ~ 5 % - 10 % outcrop
•
Permafrost on north facing slopes
•
Volcanic ash which masks geochemical signatures
•
Irene demonstrates the potential for new discovery in
an area of the property which has seen exploration
activity in the past
7 + meters cover
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Exploration Going Forward
•
Focus on high-priority targets that provide the potential for delineating
high-grade gold resources
Involving detailed compilation and analysis of existing property data
(over 40 + years)
• Systematic exploration of the area surrounding the Irene including :
• Reinterpretation of geophysics with constraints provided from physical
rock properties
• Detailed orientation and infill geochemical surveys
• Trenching high priority geochemical anomalies along strike of the showing
• Drilling
• Systematic exploration of the area surrounding the Melissa including:
• Extending geochemical surveys west of current survey area
• Mechanized trenching of high-priority geochemical targets
• Drilling
•
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Irene
Showing
Revenue Deposit
Stoddart Prospect
Schematic illustration of the various processes for porphyry-epithermal systems relative
to the intrusive engine (after Hedenquist and Lowenstern, 1994).
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Property Overview
• Mineralization occurs within all basement and younger intrusive rocks and is
controlled by both structure and favorable geologic units
• Represents a wide range of styles related to a long lived mid-late Cretaceous
porphyry–epithermal system
• Hydrothermal activity associated with the fertile Revenue and Stoddart
porphyry centers provided a window for epithermal-porphyry and skarn
mineralization to develop within the greater Big Creek Fault Zone
• New discovery at the Irene highlights the potential for high-grade gold
mineralization at surface, in an underexplored area of the property situated
within a fertile structural corridor
• Significant potential remains to develop other highly prospective targets on
the property including continued expansion of the three defined deposits
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Smalls Expediting Services
Midnight Mines Ltd.
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